Planning early for mine closure is critical to protect the future of the environment and society, and to uplift the surrounding communities. That’s why we prioritise closure planning and mining rehabilitation, ensuring we tick all the boxes before, during, and after the operating life of a mine.
Each BU has five-year conceptual concurrent rehabilitation plans, schedules and associated budgets to:
We are committed to rehabilitation beyond compliance. We believe it is our moral responsibility to conduct concurrent rehabilitation in a changing regulatory, economic and operating landscape.
At 31 December 2020, total land disturbed was 9 889ha and total rehabilitated 1 981ha. Exxaro's Environmental Rehabilitation Fund (EERF) and additional bank guarantees provide for new developments and cover shortfalls in financial provisions.
The EERF's assets are managed in terms of asset and liability modelling aligned with risk, return and liability on each site. The objective is to maximise investment growth in the cost of liability provisions. An external specialist supports EERF trustees with technical skills required to profile and identify suitable structures for assessment by the trustees.
Five Exxaro operations were in active closure in 2020: Tshikondeni, Durnacol, Hlobane, Strathrae and Gravelotte.
We understand that operational closure, concurrent rehabilitation and land management activities directly connect employees, communities, the environment, government and infrastructure.
We are committed to:
The social aspects of mine closure are among our engineering and associated financial planning considerations: